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HSBC re-enter commodities

16 Nov 2007

by Colin Packham, Sydney

HSBC is believed to be poised to re-enter trading commodities after pulling much of its commodity trading business back in 2005.

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“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS